UBS

UBS has Swiss mountain to climb with Credit Suisse

By Tomasz Janowski, Oliver Hirt and John Revill ZURICH, June 12 (Reuters) - With its Credit Suisse takeover officially wrapped up, UBS must now make good on its promise that…

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UBS completes Credit Suisse takeover to become wealth management behemoth

By Noele Illien ZURICH, June 12 (Reuters) - UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse , creating a giant Swiss bank…

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UBS: takeover of Credit Suisse to close as early as June 12

By John Revill ZURICH, June 5 (Reuters) - UBS UBSG.S said on Monday it will complete its takeover of Credit Suisse CSGN.S "as early as June 12", creating a giant…

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Credit Suisse rescue package rejected by Swiss parliament

By Noele Illien BERN, (Reuters) - Switzerland's parliament rejected on Wednesday the government's 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse's merger with UBS, leaving the fallen bank's…

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Up to 30% of jobs to be cut by enlarged UBS, Tages-Anzeiger reports

GENEVA, April 2 (Reuters) - The bank created by the UBS UBSG.S takeover of Credit Suisse CSGN.S is poised to reduce its workforce by 20-30%, Swiss daily Tages-Anzeiger reported on…

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Swiss economists question UBS takeover of Credit Suisse in poll

ZURICH (Reuters) - A poll of Swiss economists found that nearly half think the takeover of Credit Suisse by UBS was not the best solution, warning the saga has dented…

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EPA’s Eye In The Sky: Zurich, Switzerland

An aerial view shows the headquarters of the Swiss banks Credit Suisse (C) and UBS (L), at Paradeplatz in Zurich, Switzerland. The bank UBS took over Credit Suisse for 2…

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UBS swallows doomed Credit Suisse, casting shadow over Switzerland

By John O'Donnell and Stefania Spezzati LONDON, March 20 (Reuters) - UBS Group UBSG.Shas emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer…

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UPDATED: Giant bank deal triggers political backlash in Switzerland

By John Revill ZURICH, March 20 (Reuters) - Switzerland's two biggest political parties sharply criticized UBS's UBSG.S takeover of Credit Suisse CSGN.S saying multi-billion state support for the deal created…

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Switzerland wakes to new era after historic bank merger; employees ‘shocked’

ZURICH, March 20 (Reuters) - Switzerland awoke to a new era on Monday after UBS swept up Credit Suisse in a government-brokered rescue that dented the country's long-held pride in…

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Credit Suisse says some clients may want to move wealth assets after UBS deal-memo

By Engen Tham and Julie Zhu SHANGHAI/HONG KONG, March 20 (Reuters) - Credit Suisse told staff its wealth assets are operationally separate from UBS for now, but once they merged…

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UPDATED: Bank shares plummet as Credit Suisse rescue fails to quell contagion fears

By Amanda Cooper, Tom Westbrook and John Revill March 20 (Reuters) - Banking stocks and bonds plummeted on Monday as the hit to investors from UBS Group's state-backed takeover of…

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ECB ready to help banks even as it hopes for calm after Swiss deal

FRANKFURT (Reuters) - The European Central Bank remains ready to support euro zone banks with loans if needed, ECB President Christine Lagarde said, adding that the Swiss-brokered rescue of Credit…

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UBS seals Credit Suisse takeover in bid to calm markets

March 19 (Reuters) - UBS UBSG.S sealed a deal to buy rival Swiss bank Credit Suisse CSGN.S to avoid further market-shaking turmoil in global banking, Swiss authorities said on Sunday. Swiss regulators have been forced to…

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UPDATED: UBS offers to buy Credit Suisse for up to $1 billion – FT

By Stefania Spezzati, Oliver Hirt and John O'Donnell March 19 (Reuters) - UBS Group AG UBSG.S has offered to buy Credit Suisse CSGN.S for up to $1 billion, with the…

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Number of global billionaires dwindles

The number of ultra-rich individuals and their total wealth has declined slightly this year, partly as a result of high volatility in financial markets and the end of very accommodating…

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Billionaires’ wealth falls for the first time in a decade

The world’s richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth…

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Photo Story: Climate activists block Swiss bank Credit Suisse in Basel

A group of climate activists from the Collective Climate Justice organization block the entrance to the Swiss bank Credit Suisse, at the Aeschenplatz, in Basel, Switzerland, 08 July 2019.…

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Five banks fined over a billion euros by EU

EU antitrust regulators on Thursday fined Barclays, Citigroup, JPMorgan, Mitsubishi UFJ Financial Group and Royal Bank of Scotland a total of 1.07 billion euros for rigging the spot foreign…

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EU antitrust fines in the pipeline for seven banks

Reuters reports that Barclays, Citigroup, HSBC, JPMorgan, Royal Bank of Scotland, UBS and a small Japanese bank and three other banks are set to be fined by EU antitrust regulators…

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